13
Oct
06:57
European Commission approves ArcelorMittal takeover of Condesa Tubos
The European Commission (EC) has approved unconditionally the acquisition in full of Spanish welded tube manufacturer Grupo Condesa by ArcelorMittal, Kallanish learns from EU merger authorities.
“The proposed acquisition would raise no competition concerns, given that ArcelorMittal already exerts joint control over Condesa and the companies' combined market shares are moderate,” says the EC.
The transaction was examined under the simpli…
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